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Home » Topics » IMFnews » Originations

Originations
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Short Takes: More Rate Volatility / Applications Decline Again / Home Price Projection / Angel Oak REIT Returns to Profitability

November 6, 2024
Brandon Ivey
The 10-year opened the day at 4.258% and spiked to nearly 4.50%.
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Complaints to CFPB Involving Mortgages Stand Out

November 5, 2024
Shannon Clark
Complaints about credit reporting dominated submissions to the CFPB and they more than doubled on an annual basis through the first three quarters of this year.
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Another Profit for Onity but Book Value Lags

November 5, 2024
Paul Muolo
Revenues increased 7.7% from 2Q24 but compensation to executives and employees rose 8.2%.
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FoA’s Debt Move Draws Mixed Reviews From Fitch

November 5, 2024
Brandon Ivey
Ultimately, Fitch's long-term issuer default rating on Finance of America went from C to CCC.
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Short Takes: Volatility Expected for Interest Rates / First-Time Homebuyers Get Older / Angelo Gordon REIT Buying Home Equity Loans / PIMCO, Chase Win Fannie RPL Auctions / Positive Outlook for New American Funding

November 5, 2024
Brandon Ivey
Uncertainty regarding election results could cause some interest rate volatility in the near term.
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Anxiety Looms as Credit Score Changes Approach

November 4, 2024
Dennis Hollier
It doesn’t help that the Federal Housing Finance Agency is simultaneously trying to implement a bi-merge to replace the tri-merge method.
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Ginnie Issuers Ready to Meet Tougher Capital Requirements

November 1, 2024
Monica Hogan
Ginnie initially planned on implementing the capital requirements at the end of 2023, along with other reforms.
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Chase Program Offers Interest Rate Incentive for Jumbo Borrowers

November 1, 2024
James Dohnert
Rate discounts through the program range from 0.125% to 1.0%.
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Figure to Issue Securitization With Seasoned HELOCs

November 1, 2024
Brandon Ivey
The issuance is linked to HELOCs that have seasoned for an average of 28 months.
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Short Takes: Interest Rates Cresting? / PennyMac Stocks Non-Agency MBS With Agency-Eligible Loans / Variety of Lenders With Loans in Angel Oak MBS / Steady Mortgage Profits at LendingTree

November 1, 2024
Brandon Ivey
Sam Khater, chief economist at Freddie Mac, suggested that interest rates on mortgages could level off soon.
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